2015 Q1 Form 10-Q Financial Statement

#000005836115000015 Filed on May 08, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $156.6M $155.1M
YoY Change 0.93% -3.42%
Cost Of Revenue $7.700M $9.300M
YoY Change -17.2% -13.08%
Gross Profit $148.9M $144.8M
YoY Change 2.83% -3.4%
Gross Profit Margin 95.11% 93.35%
Selling, General & Admin $61.20M $59.10M
YoY Change 3.55% -7.94%
% of Gross Profit 41.1% 40.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.686M $5.275M
YoY Change -11.17% -0.36%
% of Gross Profit 3.15% 3.64%
Operating Expenses $138.0M $132.0M
YoY Change 4.55% -8.15%
Operating Profit $20.24M $23.72M
YoY Change -14.69% 27.11%
Interest Expense $18.40M $20.55M
YoY Change -10.46% -10.38%
% of Operating Profit 90.95% 86.64%
Other Income/Expense, Net -$17.48M -$20.52M
YoY Change -14.85% -10.89%
Pretax Income $2.759M $3.197M
YoY Change -13.7% -173.16%
Income Tax $717.0K $1.492M
% Of Pretax Income 25.99% 46.67%
Net Earnings $1.800M $1.486M
YoY Change 21.13% -124.79%
Net Earnings / Revenue 1.15% 0.96%
Basic Earnings Per Share $0.03 $0.03
Diluted Earnings Per Share $0.03 $0.03
COMMON SHARES
Basic Shares Outstanding 52.49M shares 52.22M shares
Diluted Shares Outstanding 53.88M shares 53.80M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.40M $14.90M
YoY Change -23.49% -33.48%
Cash & Equivalents $11.35M $16.70M
Short-Term Investments
Other Short-Term Assets $8.064M $9.900M
YoY Change -18.55% 103.37%
Inventory $5.438M $7.400M
Prepaid Expenses
Receivables $59.60M $61.30M
Other Receivables $100.0K $0.00
Total Short-Term Assets $85.78M $93.50M
YoY Change -8.26% -3.26%
LONG-TERM ASSETS
Property, Plant & Equipment $153.4M $163.2M
YoY Change -5.99% -8.39%
Goodwill $243.7M $243.7M
YoY Change 0.0% 0.0%
Intangibles $199.1M $228.4M
YoY Change -12.83% -46.63%
Long-Term Investments $36.13M $49.70M
YoY Change -27.31% 17.79%
Other Assets $36.47M $18.80M
YoY Change 93.97% 374.51%
Total Long-Term Assets $693.9M $703.8M
YoY Change -1.41% -23.01%
TOTAL ASSETS
Total Short-Term Assets $85.78M $93.50M
Total Long-Term Assets $693.9M $703.8M
Total Assets $779.6M $797.3M
YoY Change -2.22% -21.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.79M $20.60M
YoY Change -8.8% 9.74%
Accrued Expenses $24.40M $26.10M
YoY Change -6.52% -30.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $27.40M $15.90M
YoY Change 72.33% 10.42%
Total Short-Term Liabilities $106.0M $92.70M
YoY Change 14.3% -10.5%
LONG-TERM LIABILITIES
Long-Term Debt $736.9M $791.3M
YoY Change -6.88% -8.74%
Other Long-Term Liabilities $16.03M $48.10M
YoY Change -66.67% 543.48%
Total Long-Term Liabilities $752.9M $839.4M
YoY Change -10.31% -4.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $106.0M $92.70M
Total Long-Term Liabilities $752.9M $839.4M
Total Liabilities $944.8M $953.6M
YoY Change -0.92% -14.53%
SHAREHOLDERS EQUITY
Retained Earnings -$402.7M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$165.9M -$156.3M
YoY Change
Total Liabilities & Shareholders Equity $779.6M $797.3M
YoY Change -2.22% -21.12%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $1.800M $1.486M
YoY Change 21.13% -124.79%
Depreciation, Depletion And Amortization $4.686M $5.275M
YoY Change -11.17% -0.36%
Cash From Operating Activities $17.20M $22.70M
YoY Change -24.23% -13.03%
INVESTING ACTIVITIES
Capital Expenditures -$2.200M -$2.600M
YoY Change -15.38% 0.0%
Acquisitions
YoY Change
Other Investing Activities $600.0K $2.000M
YoY Change -70.0% -23.08%
Cash From Investing Activities -$1.500M -$600.0K
YoY Change 150.0% 500.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.30M -19.90M
YoY Change 2.01% -16.74%
NET CHANGE
Cash From Operating Activities 17.20M 22.70M
Cash From Investing Activities -1.500M -600.0K
Cash From Financing Activities -20.30M -19.90M
Net Change In Cash -4.600M 2.200M
YoY Change -309.09% 4.76%
FREE CASH FLOW
Cash From Operating Activities $17.20M $22.70M
Capital Expenditures -$2.200M -$2.600M
Free Cash Flow $19.40M $25.30M
YoY Change -23.32% -11.85%

Facts In Submission

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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014Q1 us-gaap Other Cost And Expense Operating
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236000 USD
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2170000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Payments For Proceeds From Other Investing Activities
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4895000 USD
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us-gaap Repayments Of Long Term Debt
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851000 USD
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CY2014Q1 us-gaap Revenues
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48111000 USD
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1381000 shares
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53875000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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52494000 shares

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